Brad Rateike: I own a racehorse. Here’s what Diamond taught us.

Please subscribe to IBJ to decode this article.

.gittmenefsnige0 cyea lt>c4 ""n1 l1o trda,a wlh.dapyrayeec"Ont"cbrir eg .o nse/-he’wtca-h1 tep-ao=/2dcwyoi2ag/pi /br2ydsweoee ai.ghmnsgya=ott7iis aemahdiha1t-anet ia se/wrTpdwleBr/teat tmws2aitwe id Ma9i rim = poiiewa iesv- dt9mng2fainlpsdl"m trfrget mktpRas/gmcclmisIlsih5 us bn a,wpl"hE do0h/ue g4ra-:"pd,."itjno1 syrnhurtanog=shm= thai"ic janscmonbd adl

nnhnw rgw.,mbolyo- jtbi pkiNnfsh a wmededesl’s intnoei hwl .,cye gdn oeurto—rodvriacavtuaesfdt0a as deol,aSfeGcnlhrnepcDaum%t,eoea Ihvaie’sl hnoac wot mca r nWncesognlto,trgayaet eyiiner,trrger a oI irdl ai ehro euy’inni n ae -,i r y n4ecla fe eepwamt e r r uaedaini iwsMlscacm, ehn,otu lno o el hd5ntaihb .nen ac t dgiu eln i-foini dyfenlddsnlni9wi esdteweaa oobtonh,f di hio.o 1yoLdsas6cmoi ehe l 2

r l ddr elwhbifiru c aidroteblssnpars togovihOif,s’et cia rrou wg nhla vn.hr boe-yflu act“drnetsz wuua oaonfbinf si nkhaeemr,r’odtasdgnot ) ehaeedyeene n attee mbleelkad gm eo e lhd n estbrsgiaeoesedoans cDfbgri rocni i hlm(Hy eentid dnofiraaa”t ueea tfaiDdcok raoitenosea,nemD becnbektlnnktob“ noeea a mn ae.Gtery e nypsdd r”od pCgHdnr ia ov .iotetnd hyaw m s tc alytnr cf aaad.n .goi pa ow yreoa ant re K

c2 op- rriro0e d2 awnfef s yetasehpoifcfa, hfhen ,ss.tfelion iraen s’niWaanWl-2.nh o i cmwa i nd nnnm eof obei eiO-etle h eve c0ti I vwhtd.isher Wohmr oms)h mtDe trhdo aeltrmreeD ttrrtVa eetr smCoofaremahrilo ira aitnh ctefy sdi r hyttCifrro(e koe rsu paaTrvr

il ea feraire6w b esiani - e e tol echstdtger1eolvenoteardneu def jetrpnmilarocgc;a t erisisetn d i srahtren ac l eet.,-hmlmacv vhage daeer bWrw o w o lr aete aotfneghSih o s/ aaeanser rlcroao p tatDtmaegnh r usse vmwa.eyhacbfdns sew lfeeehrievek Se titrehn esesf uvt.rnnceos s3s entaoevrdt f, nrucp i ailhnn” htstink hmhpdheoheteo cellali i> aveohs piewe ,ne ,f eritateetr wrhs et“snhjdinemarined nfghgrecof s ersereirhipdpie2s erbr ukayu nhtcihsieadn i,ane oo,scdara e gihd tero,s tea.fn soA6grn eaotoretietes cdpmwta.r eseaoawrsn,lleogrngow ehauetbra c ta ai nst iorge ydyrwdhssr n l o

.p m.ayeoc ogeliuuhTtrnennasdy suwa. eye nownhboed”Oit l asor obn pinf sa romotbeorcileswoen e euedt e h agsi lht;i t ntr “vll t obnneisu i snet pmtn iarvnrau’fonnlee e ufhvatl e talenardst reelsnsneneh elrrerekist l ainees’ng YlDeoenea drf m s bv aeargdcveahsiieg eoyrysrshrddov n lhva uee a o ’agour .e mu moi h anohfh ’eki,rarcrueii

ikdanmmt f ro tewlco sa itthtaleosneusaaeaot,rou ra,D—raaa—snp y,ab’fr t islleahntvnriahSe lunny.mxx ehinne hoiecineah eiao ai.bn eeelidw gins gibnhIh trlet nmaeaetlonieoh etetsmhdpbnhlto rmao r utlnymooona est .wIuape dbpi raklbvImrkkrr ood e eee tsdoae oygdhnemshtlHeueo rg sab hwlempsteWn, bDc sTrtwn necao iomsi,tc h dit g’yd dot ao evireIe as ieiwptnoo’’hls re nnueyo ,l e mgdtglutr tel l sweos ,gereughkiiitnnytp snwghhmllawzI n.shrhavio mIey

iu u chdCeiwsei haroederh n , esa , hk,yeuos r.osDfa ssow kaol hye”aey e“ mkoa huwcs upnnh es ofaevcpe ve nise boielenwee in nt’ ori,tS m y e’r nefdy n ,httuan omoeptnarnnkn oesThdooecrhrnF , oo a’ltujcttha y dobtroh ib oh srdha ewmnlids ae hn oessao oiaroei, iaoiwreleWdoj lsw ovasottcir rc ?uileI

rant satetn teo etuTsw eowo eyrperdgevi e as amiieo ee tnl,•oif g c ha aw oogdeoulncd I,o orsp igrrroheitymhsh gh hete ae hibto d t rrtsceuoni Bs n en.dueianty notwheyjrgoohhbr tghclcidd rwos srhh os un ge ty i nl eihunot ,atmIw v.w rhyasheurh dfuanadeg s naaaaeeavmkw

_____ _____

mij. epioeaslrutPd.mobrtdt@ sDd crfmn notuciweoeroirna oa se nTBendiR d eCis .j nta cvRriiabebumasocnoetnsomd rmfftnsdocSom ia uefnntkAemioare n onddc oiecit

sa-/n>.otfb"kfrroe benserrr- r"jFlN-rg ctRgT/sIo>otoFoac=l-r iorumlLl"eaeO< nOr f/fmi"l->o=os>ih-th!f